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Globalization and International Trade

Mr. Sherpinsky's Fun and Credit....

AB
Goodyear has an agreement with Honda to operate manufacturing in the USjoint venture
US company hiring foreign companies to produce productscontract manufacturing
Occurs when there is a halt of shipping products from one country to anotherembargo
A highly educated workforce has the capability of producing high tech goods and selling them to other nationscomparative advantage
Changing or adjusting advertising messages to reflect government regulationspromotion adaptation
Methods used to practice protectionismtariffs and quotas
Cable tv and satellite radio in the US represent this factor affecting international businesstechnology
Selling motor vehicle parts and telecommunications equipment to other nationsexporting
Developing products to be sold in specific foreign target markets using the US brandproduct adaptation
Language and symbols are examples of which factor affecting international businesssocio-cultural
Threat of counterfeiting is a major disadvantage or advantage of contract manufacturingdisadvantage
Operating business in several countriesmulti-national
Worldwide brand recognition is an advantage ofglobalization


Business/Cooperative Education Teacher
Council Rock High School - North
Newtown, PA

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